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Bill > HB1351
VA HB1351
VA HB1351Income tax, state; subtraction for retirement income of certain federal employees.
summary
Introduced
01/19/2026
01/19/2026
In Committee
01/19/2026
01/19/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Regular Session
Bill Summary
Income tax; subtraction; retirement income of certain federal employees. Establishes, beginning in taxable year 2026, an individual income tax subtraction for 20 percent of the retirement income of retirees covered under the federal Civil Service Retirement System (CSRS).
AI Summary
This bill, effective for taxable years beginning on or after January 1, 2026, allows individuals to subtract 20 percent of their retirement income received from the federal Civil Service Retirement System (CSRS) from their Virginia taxable income. The CSRS is a federal retirement system for certain government employees, and this subtraction aims to provide tax relief to these retirees.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Left in Finance (on 02/18/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://lis.virginia.gov/bill-details/20261/HB1351 |
| Fiscal Note/Analysis - Fiscal Impact statement From TAX (1/25/2026 4:42 pm) | https://lis.blob.core.windows.net/files/1096345.PDF |
| BillText | https://lis.virginia.gov/bill-details/20261/HB1351/text/HB1351 |
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